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Nonprofiteer
← 1542 CONSTANCE STREET LLC

Form 990 for tax year 2023

Filed by 1542 CONSTANCE STREET LLC.

Totals

Total revenue
$219,332
Total expenses
$455,334
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$219,332
Total assets, end of year
$10,016,330
Total liabilities, end of year
$764,905
Net assets or fund balances, end of year
$9,251,425
Program services expenses (Part IX)
$0
Management and general expenses
$455,334
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 6a · Gross rents

    real property $77,875

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $77,875

  • 6d · Net rental income or loss

    total $77,875 · excluded $77,875

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $141,457 · related or exempt $141,457

  • 11e · Other revenue, total

    $141,457

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $18,319 · management and general $18,319

  • 22 · Depreciation, depletion and amortization

    total $437,015 · management and general $437,015

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $133,269 · end of year $3,217

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,689 · end of year $13,689

  • 10a · Land, buildings and equipment: cost or other basis

    $11,933,937

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,386,865

  • 10c · Land, buildings and equipment, net

    beginning of year $8,984,087 · end of year $8,547,072

  • 15 · Other assets

    beginning of year $1,452,352 · end of year $1,452,352

  • 17 · Accounts payable and accrued expenses

    beginning of year $157,255 · end of year $15,200

  • 19 · Deferred revenue

    beginning of year $18,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $920,715 · end of year $749,705

  • 27 · Net assets without donor restrictions

    beginning of year $9,487,427 · end of year $9,251,425

Mission and programs · 2023

Mission

THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF BUILDING THE PATRICK F. TAYLOR CAMPUS, DIRECTLY ACROSS FROM THE CLOVER NOLA, INC.'S MAIN CAMPUS. THE BUILDING WILL SERVE MORE THAN 300 INFANTS, TODDLERS, SENIORS, AND MEDICALLY FRAGILE ADULTS, INCLUDING SPECIFIC PROGRAMS FOR VETERANS.

  • THE NOT-FOR-PROFIT ORGANIZATION WAS FORMED FOR THE PURPOSE OF BUILDING THE PATRICK F. TAYLOR CAMPUS. THE 24,000 SQUARE FOOT FACILITY WILL SERVE MORE THAN 300 INFANTS, TODDLERS, SENIORS, AND MEDICALLY FRAGILE ADULTS, INCLUDING SPECIFIC PROGRAMS FOR VETERANS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard J Roth III

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chimene Grant Saloy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1.25 related

  • Rev John M Pitzer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Sue Williamson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Ralph Mahana

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Shannon Joseph

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Christine F Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Yvette M Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Zwila Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Kea Sherman

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Cleveland Spears III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Dominique Wilson

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Damon Carraby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Herman Franklin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Cindy McCurdy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Charlotte Sapir

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Lindsey Brower Beard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Leslie Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Patrick Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Zach Monroe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Nancy Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Keith Liederman

    CEO

    Total calculated
    $247,693
    From this org
    $0
    From related orgs
    $238,995
    Other
    $8,698
    Hours/week
    1 + 40.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,995 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,698 related
    Filer's total
    $0 + $247,693 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501349349305735

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